Question: undefined What is the monthly payment? Round your answer to the next cent up, even if the amount is closer to the lower value. For
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What is the monthly payment? Round your answer to the next cent up, even if the amount is closer to the lower value. For example, even 20.770012 would be rounded to 20.78. 933.58 821.18 $893.63 893.62 Question 2 (1 point) All questions on this quiz refer to the same situation: A loan of $38 500 is to be repaid with equal monthly payments over 4 years at | 12 = 5.4%. Of the first payment, how much goes to principal and how much goes to interest? $173.25 to principal and $720.38 to interest $893.63 to principal and $173.25 to interest $173.25 to interest and $720.38 to principal $893.63 to principal and $720.38 to interest
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